HYBMA is a not-for-profit organisation, funded entirely through sponsorship by Newcastle and Hunter Region businesses.

The Awards were established to encourage school and tertiary students in the Hunter to think like entrepreneurs, to express their creativity and develop the self-confidence to present their ideas.

The HYMBA Management Committee is made up of prominent Hunter business people including Chairperson Cheryl Royle, CEO of the Hunter Futurepreneurs Program and Bob Hawes, CEO of the Hunter Business Chamber.

The initiative is supported by the Department of Employment, Skills, Small and Family Business via its Hunter Futurepreneurs Program